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Author Topic: What is a good way to concisely explain Bitcoin?  (Read 1453 times)
kingsmith002
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August 11, 2018, 05:28:27 AM
 #61

Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.

What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.


Bitcoin is a digital currency.You can have transaction without history.All of your information is hidden.It dont have taxes unlike other banks.You can earn on this too by joining some campaigns.
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nsmdgw
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August 11, 2018, 07:14:28 AM
 #62

Bitcoin is a real-valued electronic currency that can be bought and sold or exchanged without any control.
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August 11, 2018, 07:28:16 AM
 #63

Well .. I think, it would be difficult to explain bitcoin is to non-technical people, maybe we should be able to explain bitcoin from the user's point of view, like telling them that "Bitcoin is like cash in the internet world". "Bitcoin is an innovative payment network and a new type of money".
Caitsith
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August 11, 2018, 07:35:20 AM
 #64

Bitcoin is not a virtual currency but a real money or another means of "cryptocurrency". Many people who are new to information or do not have enough information or call bitcoin is a virtual currency, this way is easy to mislead people who do not know about bitcoin.
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August 11, 2018, 07:58:55 AM
 #65

Bitcoin is a creation of Mr. Satoshi Nakamoto based on Blockchain technology, was born in the world economic crisis of 2008. Desire is to replace paper money in the future. Transfer of the right to issue money from the government through the people.
Ubiaitthoi801
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August 11, 2018, 08:17:45 AM
 #66

Bitcoin is an encrypted digital currency that was released in 2008. It can be exchanged and traded directly with any Internet-connected device without the need of a financial intermediary. , no one managed, the transaction is completely done immediately & anonymously.
Labonikhatun
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August 11, 2018, 02:28:39 PM
 #67

Bitcoin was invented as a peer-to-peer system for online payments that do not require a trusted central authority. Bitcoin is the first digital currency that is completely distributed. But I think many people know it as the technology behind Bitcoin, but blockchain potential uses extend far beyond digital currencies. However, often I'm asked to explain bitcoin to someone and occasionally I come up with something stellar that really nails it, but most time it's rambling incoherent.
Velkro
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August 25, 2018, 02:01:52 AM
 #68

Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.

What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.

I know your pain, i have exactly the same. Its hard to tell someone what bitcoin is, because you have no idea where to start. If you will be too much vague it will make no sense at all to person listening to you.
Its revolutionary technology without central authority as store of value/currency. Not even sure which one Tongue

Intrachain
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August 28, 2018, 08:54:27 PM
 #69


I found the following: "Bitcoin is digital money that is tamperproof and openly traded." Short and precise in my opinion.

For more information about it, I highly recommend the following article (It's actually exactly about how to explain Bitcoin in short Wink )
https://www.linkedin.com/pulse/how-perfectly-describe-bitcoin-anyone-one-short-sentence-dryall
cuong1610
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August 29, 2018, 03:52:33 PM
 #70

Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.

What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.

I prefer black text, the color of this post makes me rather uncomfortable
moiza126
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September 02, 2018, 02:37:01 PM
 #71

Bitcoin is the first digital currency whose idea was created in 1991 but was implemented by Satoshi Nakamoto in 2009.It is the most secure currency on the planet and ends the involvement of banking.Moreover it is controlled by you.You can earn coins just by sitting at home basically in your comfort.Anywhere anytime,you can earn coins.
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